Corn futures closed Tuesday’s session with contracts down 1 to 2 cents in the front months. The CmdtyView national average cash corn price was down 1½ cents, settling at $3.90 ¾.
This morning, the USDA reported a private export sale of 110,000 metric tons (MT) of corn to unknown destinations. Additionally, a sale of 306,000 MT of sorghum was reported as sold to unknown buyers.
EIA data is scheduled for release on Wednesday, with some market watchers anticipating a pullback in ethanol output for the week ending last Friday.
The National Association of Cereal Exporters (ANEC) estimates Brazil’s January export total at 3.39 million metric tons (MMT), down 0.06 MMT from last week. If realized, this figure would fall short of the 3.59 MMT exported in the same month last year.
Corn futures prices on March 26 closed as follows:
– March 26 contract at $4.26 ½, down 1¾ cents
– Nearby cash corn at $3.90 ¾, down 1½ cents
– May 26 contract at $4.34 ¾, down 1¼ cents
– July 26 contract at $4.40 ¾, down 1¼ cents
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**Disclosure:** On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please view the Barchart Disclosure Policy [here](#).
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https://www.nasdaq.com/articles/corn-eases-back-lower-tuesday